Czech infrastructure budget approved

The Czech government has set the 2017 budget for the Transport Infrastructure Fund at €3.03 billion. The budget includes European Union subsidies of just over €1.1 billion and a state budget contribution of €1.9 billion. The largest share of the funds will go towards construction and repair of roads, with nearly €1.7 billion allocated to the state road and motorway management company RSD. Around €111 million from the 2016 budget will be transferred to the 2017 budget for repairs of class II and III
October 31, 2016 Read time: 1 min
The Czech government has set the 2017 budget for the Transport Infrastructure Fund at €3.03 billion.

The budget includes European Union subsidies of just over €1.1 billion and a state budget contribution of €1.9 billion.

The largest share of the funds will go towards construction and repair of roads, with nearly €1.7 billion allocated to the state road and motorway management company RSD.

Around €111 million from the 2016 budget will be transferred to the 2017 budget for repairs of class II and III roads.

During the summer, the government announced that it would spend close to €310 million for maintenance and gritting of class I roads this winter.
Finance & Funding

Related Content

  • Black sea countries complete preparations for implementation of Black Sea Ring project
    August 23, 2016
    The Black Sea Ring Road project will improve transport connections for the region - Eugene Gerden writes. Russia has officially started implementation of a project, known as the Black Sea Ring Road, which involves building a four-lane highway system connecting the countries surrounding the Black Sea. The Black Sea Ring Road is a substantial project, a highway measuring some 7,140km in all. Among the countries participating in the project are Turkey, Georgia, Russia, Ukraine, Moldova, Romania, Greece and
    Read More
  • Czech republic to fund infrastructure projects
    May 10, 2012
    The authorities in the Czech Republic are counting the cost of bungled planning for a series of infrastructure projects. The works will now have to source funds from the Czech Government following a ruling by the European Court of Auditors that the tender processes for the projects were flawed. The original plan was that the EU Operational Programme Transport would have paid for the works but instead, the Czech Government will finance the projects itself. However, only one project will have to be almost 100
    Read More
  • Russia new programme for developing high-speed roads
    January 14, 2019
    Russia has approved a new state programme for the development of its high-speed road network – Eugene Gerden reports The Russian government has officially approved a new state programme, which is aimed at developing the federal high-speed road network in the country. This programme will run until 2030, according to recent statements by the official state press-service. According to some leading Russian experts in the roadbuilding sector, the need to implement these plans is acute. At present the tota
    Read More
  • Ardian buys out Ascendi’s Portuguese toll road operations
    August 9, 2016
    French infrastructure fund manager Ardian has agreed to acquire all the shares of Ascendi PT II which operates seven Portuguese motorway concessions Ardian, an independent private investment company, is buying the shares from its joint venture partner Ascndi Group. Ascendi PT II was formed in June 2015 as a partnership between Ardian Infrastructure and Ascendi and owns and operates five motorways in northern Portugal and the Lisbon area. Ardian Infrastructure will pay €600 million for control of the
    Read More

Highlighted Content